RAK Cement repurchases 8.2% of capital

15/06/2016 06:39 AST

RAK Cement said it has repurchased 8.24 per cent of the capital or 965,000 shares for Dh778,650 on June 13 The company bought back 300,000 shares at Dh0.80 each and 665,000 shares for Dh0.81 each, the company said in a statement posted on Abu Dhabi Securities Exchange’s website.

After the exercise, the treasury shares rose to 46.1 million shares, with 9.85 million shares remaining to be bought. RAK Cement is capable of producing 960,000 tons of Clinker and 1,000,000 tons of Cement per year, according to information available on the website.


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Ras Al Khaimah Cement Company reported a 97.4 per cent drop in nine-month net profit to Dh0.2 million compared to Dh7.8 million a year ago. During the nine months of this year, the total revenues sto

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Ras Al Khaimah Cement Company Reports a net profit of AED 8.5 million

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Ras Al Khaimah Cement Company earned a net profit of AED 8.5 million for the six months period ending 30 June 2012, compared with a loss of AED 4.9 million of the same period in 2011.

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RAKCC H1 earnings more than double

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Ras Al Khaimah Cement Company made a net profit of AED 51.1 million for the six months ending on 30 June 2009, compared with AED 22.5 million earned for the six months ending 30 June 2008.Lower costs

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